People often ask the same question: "Why not invest your money? I'm still not going to use them yet. " Agents are trying to convince you that the benefit to invest for 7, 10 or 15 years, since you still will not use them. This argument is completely useless and I will tell you why.
First, the only reason that agents insist on investing money - a structure the commission annuities. Think about how insurance companies are satisfied that the commission may pay brokers up to 15% of the investment. If you want to know how to get your money broker, look at the fines that have to pay for something to take away their money. They almost always the same as a commission.
Securities in which you invest, when to buy variable annuities, work the same way as mutual funds or indexed, is not it? What if the purchase or indexed mutual fund instead of annuities. Are you who you invest when buying variable annuities, work the same way as mutual funds or indexed, is not it? What if the purchase or indexed mutual fund instead of annuities. Should you then invest the money for 7 or 10 years? Of course not! You will be able to cash out the money at any time at market price. After investing money in an annuity - a benefit of agents, not yours.
Now do you understand that agents ask you to invest money for their benefit. Let's look at another argument against investing money in an annuity. You say that you still do not want to use the money, but how can you be sure? How do you know that you will not need the money?
That's life example from England: one woman has invested a huge portion of money in an annuity. She wondered if she still is not going to spend it, why not invest the money and get at least a small but guaranteed return?
Unfortunately, soon due to illness, she needed medical treatment. Her annuity was the point: she could take the money without penalty, only to move to a private hospital. But it was not so much ill to move to a hospital. Now her children have to pay $ 10000 a month for treatment, or it had to pay huge fines, to take her own money. In any case, this loss of the family, rather than an agent.
There are many situations, because of which you will need to use the money invested. It can be negative circumstances, such as death of close people, a long illness. It may also be a positive occurrence, as the trip to take the money invested. It can be negative circumstances, such as death of close people, a long illness. It may also be a positive occurrence, as a trip abroad or pay for school children. Whatever the reason, you can not predict the future. And stupid to drive yourself in a financial dead end, when you do not have.
Most investors can not foresee a situation where they will have to change investments. But a change of investment is much more likely than sudden illness, because interest rates are volatile and the market situation when they will need to change investments. But a change of investment is much more likely than sudden illness, because interest rates are volatile and the market is very fickle. If your money is "frozen" and you can not use them, you lose the ability to respond to these changes. This compares with the plane, which put on autopilot and you can not manage it, to avoid a thunderstorm or take advantage of favorable winds.
Remember, agents are asking you to surrender the freedom to use money to earn commissions. This is not fair trade.
First, the only reason that agents insist on investing money - a structure the commission annuities. Think about how insurance companies are satisfied that the commission may pay brokers up to 15% of the investment. If you want to know how to get your money broker, look at the fines that have to pay for something to take away their money. They almost always the same as a commission.
Securities in which you invest, when to buy variable annuities, work the same way as mutual funds or indexed, is not it? What if the purchase or indexed mutual fund instead of annuities. Are you who you invest when buying variable annuities, work the same way as mutual funds or indexed, is not it? What if the purchase or indexed mutual fund instead of annuities. Should you then invest the money for 7 or 10 years? Of course not! You will be able to cash out the money at any time at market price. After investing money in an annuity - a benefit of agents, not yours.
Now do you understand that agents ask you to invest money for their benefit. Let's look at another argument against investing money in an annuity. You say that you still do not want to use the money, but how can you be sure? How do you know that you will not need the money?
That's life example from England: one woman has invested a huge portion of money in an annuity. She wondered if she still is not going to spend it, why not invest the money and get at least a small but guaranteed return?
Unfortunately, soon due to illness, she needed medical treatment. Her annuity was the point: she could take the money without penalty, only to move to a private hospital. But it was not so much ill to move to a hospital. Now her children have to pay $ 10000 a month for treatment, or it had to pay huge fines, to take her own money. In any case, this loss of the family, rather than an agent.
There are many situations, because of which you will need to use the money invested. It can be negative circumstances, such as death of close people, a long illness. It may also be a positive occurrence, as the trip to take the money invested. It can be negative circumstances, such as death of close people, a long illness. It may also be a positive occurrence, as a trip abroad or pay for school children. Whatever the reason, you can not predict the future. And stupid to drive yourself in a financial dead end, when you do not have.
Most investors can not foresee a situation where they will have to change investments. But a change of investment is much more likely than sudden illness, because interest rates are volatile and the market situation when they will need to change investments. But a change of investment is much more likely than sudden illness, because interest rates are volatile and the market is very fickle. If your money is "frozen" and you can not use them, you lose the ability to respond to these changes. This compares with the plane, which put on autopilot and you can not manage it, to avoid a thunderstorm or take advantage of favorable winds.
Remember, agents are asking you to surrender the freedom to use money to earn commissions. This is not fair trade.
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